I don't agree with that. There s plenty of science on this thread that shows modern MP3 320 or AAC 256 the differences to lossless are inaudible so no need to remaster anything due to format. The reason they are doing this push to remaster is to optimize for typical listening conditions of iTunes users (which I have to assume is mobile earbuds). Which sucks if you are not typical.
It would be nice if they start releasing with multiple masters for different conditions, put it as parameters in the EQ.
When you release an album you create a production master for every format you have at some point. Of course for a downloadable format the file is the end of it. Put a copy on the server and you are done. Amazon for example seems to be MP3 256 pretty good but audible. AAC 256 for many things is inaudible for others you can tell but is not easy. None of is night and day like some claim.
So you start out with a stereo 24/44.1 mix master (I will leave out higher sample rates to keep it simpler) the mastering engineer will edit and clean up the beginning and end of each track, put the tracks in order of the album adjust the spacing of each track, some tracks might crossfade. Then each track is adjusted for level, eq, dynamic range, possible noise removal. If you intending it to be listens to as an album time between tracks and levels are more important for it to flow as intended. The peak is brought up to just below 0 dBfs this likely took at least a day and a few thousand dollars of time. This is the final master. It will sound as good as it possibly can. Often the producer, engineer and artists are there for the whole process.
From this 24bit 44.1 master you will create production masters
Production masters that require no additional adjustments.
WAV 24/44.1
AIFF 24/44.1
FLAC 24/44.1
ALAC 24.44.1
These are pretty much a straight forward conversion, still you don't want to sell 10,000 defective FLAC files before anyone catches it. So these are converted and checked for problems.
The CD will need to to dithered down to 16bit and have track pointers and such added to it to make a rebook master which will be sent to the pressing plant.
Production masters that can require additional adjustment.
From the final master or 16 bit master depending on the encoder
MP3 128
MP3 256
MP3 320
AAC 128
AAC 256
AAC 320
Ringtones
Production masters that require additional adjustments.
LP's
12" singles
7" single
each will require a lacquer to be cut, each is processed differently.
And the lowly cassette
With singles on a ten song album you already have 33 production masters. More if you count each downloadable track as an individual master
I was told a recent pop album had over 500 masters. I have to feel sorry who ever had to do that.